Talos Raises $40 Million for Growth Push
Posted by Colin Lambert. Last updated: May 28, 2021
Talos, a technology provider for digital asset trading, has completed a $40 million Series A investment round.
The financing was led by Andreessen Horowitz and includes investments from PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, and Steadfast Capital Ventures. Early-stage Talos investors also participated, including Castle Island Ventures, Notation Capital, Autonomous Partners, and Initialized Capital.
The funding comes weeks after Talos announced the hire of Justin Schmidt, Goldman Sach’s head of digital asset markets.
“Through the amazing efforts of our team, coupled with the strong support of both our clients and investors, we have successfully brought the Talos platform to market and gained significant traction over the last two years,” says Anton Katz, Talos’s co-founder and CEO. “Now, by partnering with some of the most prominent players in the global financial markets, we can realise our goal of providing the fabric for institutional trading of digital assets around the world.”
Arianna Simpson, partner at Andreessen Horowitz, says, “We have reached an inflection point where widespread institutional adoption will progress only with robust, expansive, and institutional-grade market infrastructure in place. This is why we are big fans of the Talos platform. It was built by a team that deeply understands trading and investment platforms, and the technology solutions they’ve delivered to date reinforce a digital asset market structure that is in many ways superior to what you would find elsewhere in capital markets.”
Meanwhile, Peter Sanborn, managing Partner at PayPal Ventures, says, “Digital assets have a key role to play in our global financial system and there is a growing need for trusted infrastructure to seamlessly connect this evolving ecosystem. Talos’ enterprise-scale software provides that critical market structure support and enables institutions to reliably interact with digital currencies.”